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adjusted cash in bank on December 31, 2019?

adjusted cash in bank on December 31, 2019?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In preparing its bank reconciliation on December 31, 2019, Hakudoshi Company has made available the following data:

Balance per bank statement                                                                     P1,900,000

Deposit in transit                                                                                        P   260,000

Amount erroneously credited by bank to Hakudoshi’s account               20,000

Bank service charge for December                                                                    2,500

Outstanding checks                                                                                    P   337,500

           

What is the adjusted cash in bank on December 31, 2019?

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